Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin.
Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings.
Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.”
Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total value locked (TVL), according to the crypto tracker DeFi Llama. The project’s TVL has surged by more than 14% in the past 24 hours and more than 38% in the past seven days.
The TVL of a blockchain represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
Radiant Capital’s native token, RDNT, is worth $0.383 at time of writing. The 355th-ranked crypto asset by market cap is up 9.6% in the past 24 hours, 6.7% in the past week, and more than 26% in the past 30 days. RDNT is also up more than 843% since the start of 2023.
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